Ripple’s XRP: Why Its Chances of Success Are Low

Unchained | May 8, 2018

In this show, recorded without the participation of Ripple (explanation included in the show), Ryan Selkis, CEO and founder of Messari and Matt Leising, Bloomberg reporter, discuss Ripple’s XRP, the third-largest coin by market cap. We go over whether or not it plays an essential role in Ripple’s products, why banks are unlikely to adopt it, and why it’s centralized. We also discuss whether or not it’s an unregistered security (although the class-action lawsuit alleging XRP is an unregistered security being sold in a “never-ending ICO” came out after we recorded — link below). We also discuss recent attempts by XRP to get it listed on top crypto exchanges, and how, as Selkis puts it, there’s a fine line between some of its business activity and bribes. We also ponder the question: If XRP is meant for banks and financial institutions, why should everyday people own XRP?

Chris Larsen, Executive Chairman of Ripple’s board of directors and former CEO and co-founder of Ripple, discusses how Ripple will create the Internet of Value.